STATE OF NEW YORK
________________________________________________________________________
3165
2023-2024 Regular Sessions
IN ASSEMBLY
February 2, 2023
___________
Introduced by M. of A. CARROLL -- read once and referred to the Commit-
tee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to extending the
expiration of the solar electric generating system tax abatement
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph (d) of subdivision 1 of section 499-bbbb of the
2 real property tax law, as amended by section 1 of item B of subpart H of
3 part XXX of chapter 58 of the laws of 2020, is amended to read as
4 follows:
5 (d) if the solar electric generating system is placed in service on or
6 after January first, two thousand fourteen, and before January first,
7 two thousand [twenty-four] twenty-seven, for each year of the compliance
8 period such tax abatement shall be the lesser of (i) five percent of
9 eligible solar electric generating system expenditures, (ii) the amount
10 of taxes payable in such tax year, or (iii) sixty-two thousand five
11 hundred dollars; or
12 § 2. Subdivision 1 of section 499-cccc of the real property tax law,
13 as amended by section 2 of item B of subpart H of part XXX of chapter 58
14 of the laws of 2020, is amended to read as follows:
15 1. To obtain a tax abatement pursuant to this title, an applicant must
16 file an application for tax abatement, which may be filed on or after
17 January first, two thousand nine, and on or before March fifteenth, two
18 thousand [twenty-four] twenty-seven.
19 § 3. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD06813-01-3
